Investors who kept calm, stayed invested, and rebalanced through the recent correction look set to be rewarded in a month that highlighted the difficulty, and potential costs, of trying to time the market. The worst week since 2016 was followed by the best week since 2015, and global equities are now just about 5 permission short of their all-time highs.
Get more analysis from Mark Haefele, UBS Chief Investment Officer, Global Wealth Management, in UBS House View.
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